What is uranium?

Nuclear fuel cost is not a high percentage of total reactor operating or construction costs, making uranium price volatility less economically disruptive than commonly assumed.

“One of the things with nuclear reactors is despite the fact that fuel is expensive and the price can be volatile, it's not actually like a high percentage of the cost of operating or building these things.”

Europe is effectively locked into uranium because green energy commitments prevent a coal switch, structurally advantaging uranium investors.

“In Europe they don't they can't really do it because they kind of the green univer green energy. So they kind of stuck with uranium which is beautiful in some way for uranium investor.”

Jérémie Boyer on uranium social media dynamics and the distorted market signal created by accounts that only ever buy and post.

“There's guys that create accounts and they're seen as a gurus of uranium. I mean, they never sell. They buy every day and they would post that they are buying. So, you kind of need to put this away with urania.”

The world has already passed peak uranium and currently consumes more than it mines, drawing down stockpiles, raising long-term supply risk for nuclear expansion.

“We've already passed peak uranium. The world uses more than it minds. We're eating into stockpiles.”